Stock Upgrades and Downgrades You Must Know May 1st

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on May 1st.

Upgrades

Abercrombie & Fitch (NYSE:ANF):

UBS upgraded its rating on this company from Neutral to Buy and changed its price target from $51 to $66.

MeadWestvaco (NYSE:MWV):

Longbow upgraded its rating on this company from Neutral to Buy and changed its price target to $36.

Cavium Networks (NASDAQ:CAVM):

Mizuho upgraded its rating on this company from Neutral to Buy and changed its price target from $30 to $35.

Diamondrock Hospitality (NYSE:DRH):

FBR Capital upgraded its rating on this company from Underperform to Mkt Perform and changed its price target from $9 to $11.

Targa Resources (NYSE:TRGP):

Robert W. Baird upgraded its rating on this company from Neutral to Outperform and changed its price target from $47 to $60.

Downgrades

Open Text (NASDAQ:OTEX):

RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $75 to $65.

Accretive Health (NYSE:AH):

UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $29 to $11.

McKesson (NYSE:MCK):

Auriga downgraded its rating on this company from Buy to Hold and changed its price target from $95 to $98.

LDK Solar (NYSE:LDK):

Auriga downgraded its rating on this company from Hold to Sell and changed its price target from $3 to $2.

Leap Wireless (NASDAQ:LEAP):

RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $11 to $6.

Gen-Probe (NASDAQ:GPRO):

RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $72 to $82.75.

Flowers Foods (NYSE:FLO):

Longbow downgraded its rating on this company from Buy to Neutral.

Conceptus (NASDAQ:CPTS):

WBB Securities downgraded its rating on this company from Speculative Buy to Hold and changed its price target from $16 to $19.5.

Air Products (NYSE:APD):

Argus downgraded its rating on this company from Buy to Hold.

Apollo Commercial Real Estate (NYSE:ARI):

Stifel Nicolaus downgraded its rating on this company from Buy to Hold.

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